Quant Price Forecast: QNTUSD Sellers Resurface as Buyers Lose Grip

Quant Price Forecast – August 26th

The Quant price forecast indicates that the cryptocurrency is under significant pressure, with sellers re-emerging and initiating a bearish run that could drive the price down to the $60.000 level.

QNTUSD Long-Term Trend: Bullish (1-Day Chart)
Key Levels

Support Levels: $80.660, $72.370
Resistance Levels: $60.770, $58.000
The QNTUSD price has witnessed a resurgence of selling pressure, as buyers recently suffered a substantial setback, leading to a weakening of their position in the market. This month has been particularly tumultuous for Quant, with both buyers and sellers vying for control at every turn.

Quant Price Forecast: QNTUSD Outlook

The bulls initially launched an offensive after a tough battle around the $58.000 significant level. However, the sellers managed to push the price back down to the $60.000 level earlier this month before the bulls attempted to rally upward.

Despite their efforts, buyers were only able to lift the price to the $72.000 market area. The recent bearish decline can be attributed to the bulls losing their grip, allowing sellers to regain control. With persistent pressure from sellers, the price may once again fall to the $60.000 support level.

The Money Flow Index (MFI) indicates that Quant price is currently in a sell-pressure zone, with sellers gaining traction in the market. The bulls will need to regroup and reduce selling pressure before making a strong comeback. The Momentum indicator also reflects a decline, as sellers continue to dominate the market.

QNTUSD Medium-Term Trend: Bearish (4-Hour Chart)

In the short term, the Quant crypto has been heavily influenced by bearish momentum, with sellers driving the market lower. Buyers may struggle to mount a counterattack, and it seems only a matter of time before a solid reversal occurs, giving bulls the strength to regain control.
Both the MFI and Momentum indicators suggest that sellers are still in command, indicating that the bearish trend may continue, potentially pushing the price down to the $60.000 level, according to current crypto signals.

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